Community First National Bank in Morris, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

Community First National Bank in Morris, Minnesota (MN)
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Community First National Bank - Overview

General
FDIC Certificate #: 15386
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5184)
Federal Reserve ID: 864257
Date Established: Febuary 01, 1929
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 9717
FDIC's unique #: 9708
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 25, 1936
Last Structure Change Effective Date: January 03, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
Location
Address: 600 Atlantic Avenue, Morris, MN 56267
County: Stevens
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $73.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$23Total assets
$73,455Cash and due from depository institutions
$3,564Interest-bearing balances
$109Securities
$18,694Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$47,937Loan loss allowance
$628Trading account assets
$0Bank premises and fixed assets
$1,131Other real estate owned
$60Goodwill and other intangibles
$1,242Life insurance assets
$827All other assets
$0Total liabilities and capital
$73,455Total liabilities
$67,370Total deposits
$59,360Interest-bearing deposits
$51,596Deposits held in domestic offices
59360.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$4,340Trading liabilities
$0Other borrowed funds
$3,200Subordinated debt
$0All other liabilities
$470Total equity capital
$470Total bank equity capital
$6,085Perpetual preferred stock
$0Common stock
$1,400Surplus
$4,468Undivided profits
Memoranda
$217Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$18Income earned, not collected on loans
$677Earning assets
$66,740Long-term assets (5+ years)
$10,782Average Assets, year-to-date
$68,948Average Assets, quarterly
$72,881Volatile liabilities
$11,360Insider loans
$1,861FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,557Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,319Total risk weighted assets
$55,854Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,774Total interest expense
$1,738Net interest income
$3,036Provision for loan and lease losses
$109Total noninterest income
$322Fiduciary activities
$0Service charges on deposit accounts
$233Trading account gains & fees
$0Additional noninterest income
$89Total noninterest expense
$1,866Salaries and employee benefits
$727Premises and equipment expense
$278Additional noninterest expense
$861Pre-tax net operating income
$1,383Securities gains (losses)
$9Applicable income taxes
$549Income before extraordinary items
$843Extraordinary gains - net
$0Net income attributable to bank
$843Net charge-offs
-$3Cash dividends
$889Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.63%Cost of funding earning assets
2.78%Net interest margin
4.85%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
2.98%Net operating income to assets
1.21%Return on assets (ROA)
1.22%Pretax return on assets
2.02%Return on equity (ROE)
13.61%Retained earnings to average equity (YTD only)
-0.74%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
-3633.33%Efficiency ratio
53,722Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.46%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
3488.89%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.04%Net loans and leases to deposits
80.76%Net loans and leases to core deposits
86.31%Equity capital to assets
8.28%Core capital (leverage) ratio
7.36%Tier 1 risk-based capital ratio
9.52%Total risk-based capital ratio
Memoranda
$11Average assets
$68,948Average earning assets
$6,192Average equity
$62,591Average loans

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